NEW
Greenwich Village Retail Stores, Cooperative, Parking Garage & Additional Retail Development
44-58 East 8th Street $9,500,000
Property Type: Retail Location: New York City, New York Neighborhood: Downtown Sub-District: Greenwich Village Number of Units: 7 Square Footage: 8,197
44-58 East 8th Street is located on the South side of East 8th Street between Greene Street and Mercer Street. This offering includes a sublease of the apartments to a co-operative corporation, the retail portion of the building which consists of ±8,197 square feet on the ground floor, and the garage. The Property includes seven retail spaces, all of which are currently leased. Tenants include national bakery and cafe chain Au Bon Pain, Ricky’s and several independent neighborhood retailers. The seller is conveying a long-term leasehold interest on the entire building. There are approximately 62 years remaining on the master lease agreement, which expires in 2075. The master lease payment is $1,560,300 per annum and increases to $2,000,004 in 2018 and will remain at that amount until 2035 when it will reset.
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Listing Contact Info Adelaide Polsinelli (/people/adelaide-polsinelli) Senior Direc tor/ Brok er of The Year 646.658.7327
email (mailto:
[email protected])
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Documents 44-58 East 8th Street Confidentiality Agreement (https://easternconsolidated.s3.amazonaws.com:443/properties/docs/4458East8thStreetConfidentialityAgreement.pdf)
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